Comments on: A Detailed Look At TARP http://visualeconomics.creditloan.com/a-detailed-look-at-tarp/ Thu, 27 May 2010 10:10:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Shugo Tanaka http://visualeconomics.creditloan.com/a-detailed-look-at-tarp/#comment-4607 Shugo Tanaka Wed, 03 Mar 2010 06:41:50 +0000 http://www.visualeconomics.com/?p=2158#comment-4607 Where does the 30 billion to supply all the world with water statistic come from? (Source?)<br><br>In the big picture, 30 billion isn't that much money, so why are people still dying every day of dehydration and poor sanitation related diseases? Where does the 30 billion to supply all the world with water statistic come from? (Source?)

In the big picture, 30 billion isn't that much money, so why are people still dying every day of dehydration and poor sanitation related diseases?

]]> By: Greg http://visualeconomics.creditloan.com/a-detailed-look-at-tarp/#comment-4553 Greg Thu, 25 Feb 2010 05:42:25 +0000 http://www.visualeconomics.com/?p=2158#comment-4553 The article shows the interest collected by the government, but doesn't include the (equally or more valuable) warrants. The value of JPM warrants in the neighborhood of $1 billion or $2 billion.<br><br>Excluding GM, Chrysler, and AIG, who were not the intended recipients of TARP in the first place, the Treasury Department is going to make a ton of money on this. TARP was a big win for the government and it's irresponsible that they continue to use banks as scapegoats, and what might even be worse is the media hopping on the anti-bank bandwagon. <br><br>On a related topic, there is public misunderstanding regarding bank failures and who bears the cost. Losses in the FDIC insurance fund caused by bank failures only deplete the fund and are ultimately borne by the banks who pay into the fund, not taxpayers. Taxpayers lose nothing, and in fact, so-called "sweetheart deals" increase tax revenue for the IRS. The article shows the interest collected by the government, but doesn't include the (equally or more valuable) warrants. The value of JPM warrants in the neighborhood of $1 billion or $2 billion.

Excluding GM, Chrysler, and AIG, who were not the intended recipients of TARP in the first place, the Treasury Department is going to make a ton of money on this. TARP was a big win for the government and it's irresponsible that they continue to use banks as scapegoats, and what might even be worse is the media hopping on the anti-bank bandwagon.

On a related topic, there is public misunderstanding regarding bank failures and who bears the cost. Losses in the FDIC insurance fund caused by bank failures only deplete the fund and are ultimately borne by the banks who pay into the fund, not taxpayers. Taxpayers lose nothing, and in fact, so-called “sweetheart deals” increase tax revenue for the IRS.

]]> By: Kasual http://visualeconomics.creditloan.com/a-detailed-look-at-tarp/#comment-4552 Kasual Thu, 25 Feb 2010 01:20:25 +0000 http://www.visualeconomics.com/?p=2158#comment-4552 Where's the American people's money AIG !?!? Where's the American people's money AIG !?!?

]]> By: JustWondering http://visualeconomics.creditloan.com/a-detailed-look-at-tarp/#comment-4551 JustWondering Thu, 25 Feb 2010 00:22:38 +0000 http://www.visualeconomics.com/?p=2158#comment-4551 Where does the estimate of $30 B to provide clean drinking water for the entire world originate? Where does the estimate of $30 B to provide clean drinking water for the entire world originate?

]]> By: peopleAreStoopid http://visualeconomics.creditloan.com/a-detailed-look-at-tarp/#comment-4550 peopleAreStoopid Wed, 24 Feb 2010 23:46:11 +0000 http://www.visualeconomics.com/?p=2158#comment-4550 Why is Obama shaking hands with the lobbyist at the bottom? The TARP program was created during the Bush administration. Obama did the Recovery and Reinvest in America act (the stimulus bill was called something like that). Bush is the one who did TARP. Why is Obama shaking hands with the lobbyist at the bottom? The TARP program was created during the Bush administration. Obama did the Recovery and Reinvest in America act (the stimulus bill was called something like that). Bush is the one who did TARP.

]]> By: Rich http://visualeconomics.creditloan.com/a-detailed-look-at-tarp/#comment-4549 Rich Wed, 24 Feb 2010 23:14:11 +0000 http://www.visualeconomics.com/?p=2158#comment-4549 Curious about the 384 billion welfare number. What is the source and what is included? Curious about the 384 billion welfare number. What is the source and what is included?

]]> By: charlesrinko http://visualeconomics.creditloan.com/a-detailed-look-at-tarp/#comment-4548 charlesrinko Wed, 24 Feb 2010 22:40:08 +0000 http://www.visualeconomics.com/?p=2158#comment-4548 Fascinating, thanks for clearing up that understanding.<br><br>Jess Fascinating, thanks for clearing up that understanding.

Jess

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